Analysts Conflicted on These Materials Names: BP plc (NYSE: BP), Chevron Corp (NYSE: CVX) and Atwood Oceanics (NYSE: ATW)

By Ryan Adsit

Analysts have been eager to weigh in on the Materials sector with new ratings on BP plc (NYSE: BP), Chevron Corp (NYSE: CVX) and Atwood Oceanics (NYSE: ATW).

BP plc (NYSE: BP)

Jefferies analyst Mark Wilson reiterated a Hold rating on BP plc (NYSE: BP) today and set a price target of $35.90. The company’s shares opened today at $36.48.

According to TipRanks.com, Wilson is a 2-star analyst with an average return of 20.9% and a 100.0% success rate. Wilson covers the Basic Materials sector, focusing on stocks such as Fmc Technologies, Saipem SpA, and Subsea 7.

BP plc has an analyst consensus of Moderate Buy, with a price target consensus of $36.20.

Chevron Corp (NYSE: CVX)

Jefferies analyst Brian Abrahams reiterated a Buy rating on Chevron Corp (NYSE: CVX) today and set a price target of $135. The company’s shares opened today at $106.17.

According to TipRanks.com, Abrahams is a 4-star analyst with an average return of 3.1% and a 47.3% success rate. Abrahams covers the Healthcare sector, focusing on stocks such as DBV Technologies SA – American, Proteostasis Therapeutics Inc, and Achillion Pharmaceuticals.

Currently, the analyst consensus on Chevron Corp is Moderate Buy and the average price target is $109.83, representing a 3.4% upside.

In a report issued on May 7, Canaccord Genuity also reiterated a Buy rating on the stock with a $48 price target.
Atwood Oceanics (NYSE: ATW)

Jefferies analyst Eduardo Royes reiterated a Hold rating on Atwood Oceanics (NYSE: ATW) today and set a price target of $10. The company’s shares opened today at $8.29.

According to TipRanks.com, Royes is ranked 0 out of 5 stars with an average return of -14.2% and a 37.5% success rate. Royes covers the Basic Materials sector, focusing on stocks such as Diamond Offshore Drilling, Cobalt International, and Hercules Offshore.

Atwood Oceanics has an analyst consensus of Moderate Sell, with a price target consensus of $9.25.

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